Useful Advices - Business

IMs (Instant Messengers) are regarded an essential communication and business tools today. You

According to USFDA, a combination product is one composed of any combination of a drug and device; biological product and device; drug and biological product

have to sign up with one of the IMs to use that particular service-for example, you cannot us

; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug.

Examples of combination products may in

Yahoo! Messenger with a Hotmail account and vice-versa. It is a fact that there are some IM c

lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.

ients that allow any account to be used but they are not the best ones.

You have really two o

here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe

tions here. Either sign up for all available IMs, or stick to the IM you feel suits you the be

d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.

Combination pro

st. There is no harm in signing up with the leading IMs because they cost you nothing, and it

ucts have become life saving products for the pharmaceutical companies who doesn’t have many innovative molecules in their product pipeline and have been inc

oesn't hurt to have an ID even if you rarely use it.

IMs are great for communication. Connect

easingly used in the product life cycle management. Even the companies having product patents are trying to extend their product life cycle through the combi

to friends or business associates whether they are a few cubicles or a few continents away! Ju

nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically

t don't forget to match the time zones and you are soon on the communication expressway! You c

and physically. They need to rightly judge the benefits of the combination products and they have to even look at the risks involved when combining the produ

an also share files and photos while you chat and play games with the other person. You feel y

ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi

urself literally to be there-just that it's virtual.

An IM is a good business tool as well. I

ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it.

Following aspects would a

's a good idea to include it on your business card. It matters little whether you are self-emp

dd to the challenges in developing combination products:

Which markets to tap where the combination products can do fairly well?
Which combination prod

oyed, a businessman or an employee of a company. Harnessing the power of the IMs can save your

cts are meaningful and rational?
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin

company or you a lot of money for communication. Consider how is this better than e-mail? For

tions increase the patient compliance?
What would be the developing cost?
How to tackle the risks encountered during combination product developmen

one, instant messaging happens in real time. Say, you want to coordinate with a client sitting

t?

As combination products don't fit into the traditional categories of drugs, medical devices, or biological products, the USFDA is in the process of devel

a couple of hundred or thousand miles away, you could save on long distance calls by using an

ping new procedures for reviewing their safety, efficacy and quality.

Professional from academic institutions, pharmaceutical industries, health care indust

nstant Messenger.

Some of the popular IMs are MSN Messenger and Yahoo! Messenger. All you nee

y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products

d to do is sign up. The services are absolutely free, and you also get an e-mail address. Hotm

.

As there is an increasing trend of the combination products companies manufacturing such products should be able to tackle the problems involved in the de

il has recently increased their mailbox size to GB, and Yahoo! gives you a 1 GB mail account a

elopment. They need to be wiser in analyzing the market trends and the regulatory requirements.

Companies that provide selfless information through particip

well. However, don't forget to check up on which of the two is more used within your contacts

tion in industry events and feedback to regulatory authorities would be able to face the challenges and will be successful in developing combination products

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